Short-term options refer to a class of options with shorter tenors than the conventional long-dated options. These options have recently gained remarkable popularity in commodities as more traders gravitate toward them. In the oil market, WTI Weekly options have become the fastest-growing energy products at CME Group. Their volume continues to experience momentum hitting a record high as ADV is up 74% YTD. Agriculture Weekly options surged by 52% in 2023 relative to the first half of 2022 while the Gold Weekly options are up 33% year over year. Traders are finding these short-term tenor options low cost and versatile ... (full story)